What is Invoice Finance?
Invoice finance is composed of Invoice factoring and Invoice Discounting. Both are financial solutions where a finance provider lends you money against your unpaid invoices at an agreed percentage of their total value. Then when your clients settle their invoices, the funds are paid back to the finance provider.
How does it work?
What to choose?
The provider manages your sales ledger on your behalf
Non-confidential: the customer settles their invoice directly with the third party
More suited for small companies with limited human resources
You maintain complete control of your own sales ledger
Confidential: the customer pays you directly and is unaware of the arrangement
More suited for large companies with developed human resources
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*Statistics from the R3, the trade body for insolvency
Our suppliers will…
Chase unpaid invoices
Act as your credit control
Protect you against bad debt
Typically you’ll receive an advance within 24 hours
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